WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Mar 26, 2018 / 15:55

US businesses will invest about US$100 million in Thanh Hoa province

The delegation of Kachay Global Development Company (USA) has recently had a meeting with Thanh Hoa province`s leaders after exploring investment opportunities in the province`s food industry, healthcare and tourism.

 
At the MOU signing ceremony
At the MOU signing ceremony
Previously, the delegation went to take survey in Lam Son Hi-Tech Agriculture Park. At the same time, it will be basically agreed to invest in Food Industrial Park in Hi-tech Park according to the plan of Thanh Hoa province, in the area of ​​Tho Xuan and Trieu Son districts with total initial investment of about US$100 million.
At the meeting, Mr. Samuel Karp, Chairman of Kachay Global Development, said that in addition to 200 hectares of infrastructure for the Food Industrial Zone, Kachay Global Development would like to invest an additional 800 hectares in the vicinity, tourism projects, hospitals and residential areas.
Speaking at the meeting, Mr. Nguyen Duc Quyen, Standing Vice Chairman of Thanh Hoa People's Committee welcomed Kachay Global Development's goodwill. He has agreed on the scope of the project under the investment proposal. Expanding to the adjacent areas with the total area of ​​about 1,000 hectares for the following periods, of which 200 hectares will be the core areas for processing plants, research and human resource training areas, mainly for production development.
At the core of the project, Thanh Hoa province is committed to hand over clean ground, invest electricity to the premises before assigning the company to invest. At the same time, it is proposed that the investor must pay for land clearance fee. The province will then refund the land rent.
After the discussion, Mr. Samuel Karp, Chairman of Kachay Global Development and Mr. Nguyen Duc Quyen, Standing Vice Chairman of Thanh Hoa People's Committee agreed to sign MOU on investment cooperation between the two sides.